Tuesday, June 1, 2010

How the world sees us

Business Insider's "Chart of the Day", is always worth a look - you can get it delivered directly to your inbox through a free subscription, or follow it on Twitter (see the box near the top on the right-hand side of the page).  However, it is usually US-centric in its concerns.

So imagine my surprise when I started going through my email this morning and saw this, a long-term comparison of house-price values between the US and Australia over the last 120 years.  Not as surprised as when I saw the disparity between the "overheated" US market and Australia's positively Vesuvian rise over the last ten years.  When you're living it (paying a mortgage, foregoing some discretonary spending), it seems normal.  When you look from someone else's point of view, suddenly it gets very scary.
   

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